Deals
Square Sells Food Delivery App to DoorDash as It Chases Profit
Photographer: Jewel Samad/AFP via Getty Images
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Square Inc. is selling its Caviar food-delivery app to DoorDash Inc. for $410 million, as the money-losing payments company searches for profits.
The sale was disclosed as part of Square’s quarterly financial report Thursday, which failed to impress investors. The stock fell as much as 9% in extended trading.